Online Banking Login

Credit cards for every need!

With low variable rates, digital wallet payment options, and no annual fees, members enjoy more with an SCCU Visa® credit card.

Compare Cards

News & Tips

Unleash the Hidden Benefits of Digital Wallet

February 23, 2022 by Space Coast Credit Union



Just imagine this: You’re walking along the beach on a warm summer day and realize all of the fun in the sun has left you thirsty. As if to answer your thoughts, you spot a dessert shop advertising tropical fruit smoothies and decide that sounds pretty good about now. Your heart sinks once you realize your wallet is over a mile away, still locked in your car. 

But then you realize that you have your phone with you, which means you can still access all of your cards through your digital wallet app! Now there’s nothing stopping you from treating yourself to that smoothie. Digital wallets offer a fast, easy way for you to make payments with your phone, but that’s not all they do. Learn more about their benefits here.
 

What is a Digital Wallet?

Digital wallet, sometimes called e-wallet, mobile wallet, or virtual wallet, is a general overarching term for apps and online platforms that allow you to store debit and credit cards virtually on your phone, tablet, computer, and wearable smart devices. And, most digital wallets can link your smart devices directly and securely to your banking accounts and PayPal accounts. So, digital wallets are essentially an electronic version of your wallet—but they’re contactless, convenient, and secure. Examples of digital wallets include Apple Pay®, Google Pay™, and Samsung Pay®, so you can make payments with your phone anywhere you see these logos:
 
 


Benefits of Digital Wallet:

  • Saves time: E-wallets allow you to make payments in stores, online, and in apps with just a tap or a click, so you never have to reach for your physical wallet (whether it’s across the room or deep in your never-ending-Mary-Poppins purse). This allows you to skip the painstaking effort of filling out online checkout forms with your credit card information, so you’ll get your order submitted faster! And, you’ll be well on your way out of brick-and-mortar stores in a jiffy!
 
  • Tracks spending: It can be a pain to check all of your purchases for unusual or suspicious entries and to ensure all bank account fees are being applied correctly to your balance. It can be even harder to find the time to do so. Mobile wallets can allow you to link to multiple bank accounts and provide further insights into your spending. Most of all, the built-in tracking can help you manage your finances and budget your money. 
 
  • Offers a more secure way for purchases: E-wallets such as Apple Pay, Google Pay, and Samsung Pay provide extra layers of security before accessing the app or making a payment, such as requiring a password, a pattern, a PIN, Face ID, or a fingerprint. Additionally, digital wallets don’t store your actual card numbers—they’re encrypted into a unique code. Going even further, digital wallets use a “tokenization” process, which means that the app converts your actual card numbers into a one-time-use 16-digit number, or “token,” every time you make a transaction. So, even if someone were to somehow capture the number used for a transaction, they aren't able to reuse it to make a subsequent purchase. 
 
  • Stores your transit cards and theme park tickets: Whether you’re visiting Disney World or flying across the country, mobile wallets make it easy to organize all of your tickets and boarding passes in one place. No more sweating and struggling as you hold up the line to find your pass in your email or your pocket when you’re at the gate. And some virtual wallets even allow users to add their vaccination cards, membership cards, and gift cards. 
 
  • Earns rewards: You can still earn points and cash back by using your credit card with your virtual wallet. But, drumroll please…you’ll find additional promotions available on the app, so you can earn even more rewards when you make qualifying purchases with your virtual wallet. Score! With these rewards, you often have the option to claim cashback or save money to use for future payments. Credit card issuers may also offer additional points or cash back when you use your mobile wallet.
 
  • Makes purchases internationally: Another nice perk? E-wallets are available to use when you’re abroad! Carrying around fewer possessions on you when visiting touristy places is always a good idea and not having to carry around a physical wallet can help you worry less about pickpocketing happening to you. Check the countries and regions where you can use your specific digital wallet here: Google Pay, Apple Pay, and Samsung Pay
 
  • Sends money to friends: E-wallets such as Apple Pay, Google Pay, and Samsung Pay allow users to make peer-to-peer payments, especially handy for splitting costs for meals, rent, utilities, and more. Plus, many apps will help you do the math! 

Just a quick note, some virtual wallets will only allow peer-to-peer payments between certain types of devices. For example, Apple Cash app only works between Apple product users. Both Android and Apple (iOS 7 or higher) users can download Google Pay to send money to each other, but it only allows you to send money in the US, India, and Singapore.
 

Best Practices for Digital Wallet

Digital wallets offer a slew of benefits, but it’s best to keep in mind some of the following information so that you don’t get caught off guard with any limitations: 
 
  • Check that your device has the capability for a digital wallet. Some older models of Apple devices are not compatible with Apple Pay; check to see if yours is here. Likewise, you’ll need an NFC (near-field communication)-enabled Android phone running Android 5.0 or newer for Google Pay, which you can check by opening your phone’s “Settings” app and tapping “About Device.” Check if your device is compatible with Samsung Pay here.
 
  • Check with your credit card issuer and digital wallet platform for additional details, terms, and conditions, especially regarding notifications, suspending/removing cards, earning rewards, privacy and security, laws, etc. Please see our SCCU Digital Wallet Terms and Conditions for more details. 
 
  • Be sure that the merchant accepts e-wallets as a payment option at checkout in stores and online first before using. While e-wallets are becoming more and more popular, some online merchants and brick-and-mortar stores (and countries) don’t have this capability for their point-of-sales just yet. Check here which stores, apps, and sites accept Google Pay, Apple Pay, and Samsung Pay.
 
  • Cover your phone when entering your passcode in public places and be sure to keep an eye on your phone at all times. It’s a good idea to set your phone to lock automatically when not in use and have it require a PIN or biometric information to unlock it. Also, it’s a good practice not to connect to a public Wi-Fi connection while reviewing your financial information, as others could get in the middle of your connection and swipe sensitive data from your phone.  
 
  • Be cautious with peer-to-peer payments. It’s a good idea to send payments only to people you know, and confirm payment requests with them first too.

Just a friendly reminder, Space Coast Credit Union will never request personal or account information through phone, email, text messages, or any other means that a member did not first initiate. If you receive a text message or email that requests your full account number or Social Security number, please do not reply to it, or if you receive a phone call pretending to be us requesting this information, hang up, and give us a call at 800-447-7228. See our Fraud Prevention Center for more information about how to keep your accounts safe, fight fraud with us, and address any issues.
 

How to Add Your SCCU Cards to Digital Wallet

At this point, you may be on the edge of your seat wondering how to add your SCCU cards to your digital wallet. It’s easy! Here’s how to get started: 
 
  1. Open Apple Pay, Google Pay, or Samsung Pay on your phone.
  2. For Google Pay, tap “Payment” and then “Add.” For Apple Pay, tap the add (+) button in the upper-right corner. For Samsung Pay, choose the “Add credit/debit card” icon. 
  3. Lastly, snap a picture of your card or enter the details manually.

Congrats, you’ve done it! Now you can enjoy all the oh-so-wonderful benefits of your digital wallet! Feel free to get in touch with us if you have any questions and a Team Member will be more than happy to assist. 
 
Don’t have a debit card or credit card at SCCU? Open a checking or savings account and apply for a Visa® credit card online today!
Was this helpful?
What is the Difference Between an IRA and a 401(k)?
June 29, 2022 by Space Coast Credit Union
Not sure if it's better to get an IRA or a 401(k)? Learn more about their differences here and how they can help you save for retirement.
How to Switch Banks in 5 Steps
June 22, 2022 by Space Coast Credit Union
From depositing checks to paying bills, your checking account should work FOR you and not against you with unnecessary extra monthly fees. See why it's worth switching to a Free Checking account at SCCU.
Unleash the Hidden Benefits of Digital Wallet
February 23, 2022 by Space Coast Credit Union
You’re walking along the beach and begin to feel thirsty. Your heart sinks once you realize your wallet is over a mile away. But then you realize that you have your phone with you, which means you can still access all of your cards through your digital wallet app! Learn more about all of its benefits here.
Which Credit Card Benefits: Cash Back or Points?
February 15, 2022 by Space Coast Credit Union
Credit cards offer several benefits from covering emergencies to earning rewards. But with so many card options available (and vying for your attention) with cash back or points, it can be overwhelming to choose a rewards program that’s best for you. In this article, we’ll discuss the pros and cons of each type to help you score rewards in no time! 
A Beginner’s Guide to Free Checking (What It Is & Why You Need It)
January 28, 2022 by Space Coast Credit Union
Checking accounts are like a Grand Central Station for your money—flowing in and out with deposits and withdrawals. Many banks and credit unions offer free checking accounts, but what exactly is a free checking account and why should you get one?
The Beginner's Guide to a Good Credit Score (& How to Get One)
January 7, 2022 by Space Coast Credit Union
When you want to borrow money—perhaps for a mortgage or a car loan—or to get approved for a credit card, lenders typically require a decent credit score. But, what is a good credit score, and how can you make sure you have one?
Visa® Platinum Benefits: A Guide to Receiving Credit Card Rewards
December 21, 2021 by Space Coast Credit Union
Today, strategically selecting whether or not to use a credit card and which one to use can be part of savvy financial management. We're taking a look at why the Visa® Platinum credit card at SCCU may be the one for you.
10 Creative Ways to Save Money in 2022
December 10, 2021 by Space Coast Credit Union
Saving money can be challenging. But after the holiday season, it’s often a top New Year’s resolution. From joining special savings accounts to making some daily item switches, we’ve rounded up 10 ways that could save you thousands of dollars a year! 
Holiday Shopping with Credit Cards Do’s and Don’ts
November 12, 2021 by Space Coast Credit Union
The holiday season often brings with it a cup of cheer and a shopping cart full of gifts for the ones you love. Credit cards make holiday shopping fast, easy, and convenient. And the best part? Earning points for rewards! However, they can also have some pitfalls. Here are our top do’s and don’ts to keep in mind while holiday shopping with credit cards. 
What are Secured Credit Cards?
September 28, 2021 by Space Coast Credit Union
Maybe you’ve run into the following paradox: How do I get a credit card with less-than-perfect credit (or no credit) if I need a credit card to build my credit? You’re in luck because secured credit cards break this cycle!
7 Savvy Skills Teens Gain from a Student Checking Account
September 21, 2021 by Carmen Tapanes
While teens can watch hundreds of videos on the Internet about finances, experience is often the best teacher when it comes to managing money. But it can feel overwhelming for them to know where to start learning the fiscal ropes. Opening a checking account gives them a learner’s permit to handling financial matters with the peace of mind of having an adult as the co-owner. 
How to Choose the Best Free Checking Account
September 14, 2021 by Space Coast Credit Union
When searching for the right checking account, most people would prefer one that’s “free” — and rightly so. But it can be hard to know what exactly “free” means today when we know that fees and terms are often the name of the game. The reality is that financial institutions will define "free" in different ways.
Choosing the Best Credit Card to Fit Your Needs (+ Where to Get It)
July 23, 2021 by Space Coast Credit Union
Credit cards can be an excellent tool for building credit when you’re financing purchases both big and small. Most credit cards today deliver some form of benefit with membership—accumulating points, cash back, airline miles, or other deals, consumers have a wealth of choices.
How to Prepare Kids for a Better Financial Future
April 28, 2021 by Space Coast Credit Union
April is National Credit Union Youth Month, encouraging kids to develop healthy saving habits. Here are some ideas to help you get started!
Credit Education Month
March 10, 2021 by Michael Higgins
To celebrate Credit Education Month, we have answered common questions about credit scores and why they are so important.
How to Budget Your Funds to Cover Your Needs
February 17, 2021 by Space Coast Credit Union
The term budgeting may give you the same mental reflex as when you hear the word taxes; but instead, we should look at budgeting as a tool on our path to financial peace of mind.
Financial Peace: Pay Your Dues & Your Debts + Restore Hope in 5 Simple Steps
February 3, 2021 by Space Coast Credit Union
Discover how to obtain financial peace in 5 simple steps. Learn how to pay off your debts the right way and educate yourself on how to live financially free.
The Definitive Guide to Achieving Financial Freedom
January 29, 2021 by Space Coast Credit Union
This guide offers steps that you can put into practice immediately as you work towards financial freedom.
Quick Steps to Being Financially Prepared
December 11, 2020 by Space Coast Credit Union
There are simple ways to be financially prepared, including building an emergency fund and being aware of financial options if you find yourself in a tight spot.
Top 3 Benefits of using your SCCU Credit Card during COVID-19
August 26, 2020 by Space Coast Credit Union
At SCCU, we know that finding the best credit card to shop safely and securely is important, and we’ve been busy behind the scenes revamping our card products to better serve YOU.
3 Steps Toward Financial Wellness
July 7, 2020 by Space Coast Credit Union
COVID-19 has impacted all of us. During times of uncertainty, you need a trusted partner and SCCU is here for you.
When Debt Consolidation Loans Make Sense
May 8, 2020 by Space Coast Credit Union
Discover the advantages of debt consolidation loans, and why using a HELOC to consolidate your debt makes sense.
Learn How to Enhance your Financial Wellness in 2020
December 24, 2019 by Space Coast Credit Union
As 2019 ends and we begin a New Year, it is time to get financially prepared! Have you thought about your financial goals for 2020?
Simplify Your Finances with an SCCU Free Checking Account
December 12, 2019 by Space Coast Credit Union
Not all free checking accounts are the same, with features and benefits varying from one financial institution to another.
Financial Fitness in 2018 and Beyond
April 12, 2018 by Space Coast Credit Union
SCCU is committed to offering you guidance and support all along your own personal journey to financial fitness.
The Advantages of Opening a Certificate of Deposit
March 8, 2018 by Space Coast Credit Union
CDs can play an important role in your savings strategy.
Break Up With Your Bank
February 16, 2018 by Space Coast Credit Union
What should people do if they realize they’re in a relationship with the wrong financial institution?
The History of the Checking Account
February 7, 2018 by Space Coast Credit Union
If you lived in Ancient Rome and needed a loan for your new chariot, you couldn’t just go to the nearest credit union. 
Why Choose a Credit Union Vs. a Bank?
July 27, 2017 by Space Coast Credit Union
Credit unions tend to be smaller than banks, meaning you get excellent customer service and a personal experience!
4 Perfect Times to Consider a Personal Loan
February 16, 2017 by Space Coast Credit Union
Virtually everything costs money, and it’s often more than you’d expect it to be.
Bring Back the Brown Bag: Saving on Lunch
January 6, 2017 by Space Coast Credit Union
Brown bagging can add $1,104 to your year. Interested? Here are three tips to help jumpstart your new lunch habit!
New Year’s Resolutions for a Richer 2017
December 29, 2016 by Space Coast Credit Union
The New Year is a great time of renewal. That makes it a good time to make bold, decisive changes in your life. 
Common Mistakes During Open Enrollment
November 3, 2016 by Space Coast Credit Union
Be sure to watch out for these three common pitfalls when enrolling in workplace benefits.
Don’t Sleep On Your Savings Account
October 27, 2016 by Carmen Tapanes
One of the best things you can do with a savings account is forget about it – just make sure it doesn't become dormant. 
10 Easy Ways to Save Money in College
January 15, 2015 by Space Coast Credit Union
College comes with many costs, but don’t let those costs bring down what should be some of your most exciting years.